Treasury Dept. asks Congress to raise debt ceiling before August to avert default

Treasury Secretary Scott Bessent told congressional leaders on Friday that the U.S. will likely run out of borrowing authority by August.

May 9, 2025 - 23:54
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Treasury Dept. asks Congress to raise debt ceiling before August to avert default
Treasury Secretary Scott Bessent told congressional leaders on Friday that the U.S. will likely run out of borrowing authority by August.